Results 9,081-9,100 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Like-----
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I urged the Senator to hurry up. That is his last question which brings his contribution to an end.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I call Deputy Kieran O'Donnell. He has six minutes.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: The Deputy should allow Ms Hunt an opportunity to respond to the question.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Before I bring in the lead questioners for the final questions, I have some questions for Ms Hunt. I refer to several references in her submission to the necessity for a commercial property database. The committee will consider this proposal when we come to make our recommendations. I refer Ms Hunt to the commercial lease database which is in existence. I ask her to expand on how that...
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Does Ms Hunt agree with the concept? Does she agree with the need for a more robust database?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: As I asked Mr. Moran this morning, is Ms Hunt familiar with side letters in rental agreements?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Is CBRE involved in the arbitration process?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: CBRE is involved in the arbitration process which means that members of that organisation would-----
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: -----have an intimate familiarity with side letters.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I ask Ms Hunt to explain to the committee what is a side letter.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I will refer to the crisis period. Prior to 2009, side letters were confidential. Is that correct?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I refer to the confidential nature of side letters. We have already discussed the inaccuracies or the deficiencies of a database. Would Ms Hunt agree that this can create a distortion or inaccuracy in terms of trying to read what is the market rate per square foot in County Cork or County Dublin?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Given that the side letters were confidential in general and were not in the public domain, does Ms Hunt think they gave a more accurate or a less accurate reading of the rental market?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I will move on. Colm McCarthy carried out research in the period 2000 to 2007 on rental data. During that period the consumer price index rose by 13% while rental income rose by 240%. How would Ms Hunt regard this as an indicator to the market?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: It was prime in 2000 and it was still prime in 2007. It was always prime.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Was there a concern in CBRE that rents were hitting a peak and may have been becoming unsustainable?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Does CBRE operate on a percentage of the deal when it arranges a sale of a property or a rental agreement?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Is it a flat fee or a percentage?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Are bonus payments paid to staff if they deal in major projects or even minor projects?